U.S. taxpayers are footing a $6 billion bill for a New York State CHIP plant that Sen. Chuck Schumer backed, but makes little sense from a business perspective, financial experts say.

Despite its high taxes, excessive spending, and a poorly rated business climate, New York should have been one of the last places Micron Technology should have brought its new $100 billion computer chip plant, but Schumer’s pork barrel intervention — a $6 billion federal cash infusion — helped seal the deal.

President Joe Biden visited upstate New York’s Syracuse last week to tout the massive federal grant in support of Boise-based Micron’s  plans to build four semiconductor fabrication plants over the next two decades.

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